Australian Stock Market SPI futures 30th November 2011 Daily recap

Today's trading is based on Wednesday is the 3rd UP day in a counter-trend move until the start of December.

During those past 2-days there has seen early weakness, but then the market moves higher after completing the 42-point low.

If that's the case the SPI needs to come down into 4093, and then 4099 becomes the Trend guide

SPI Weekly and Daily cycles

Early weakness, & once again the market completes the 42-point spiral low and then continues higher, as 4099 forms support....

sending the SPI higher on the 3rd day, aligning with the start of December and the new monthly 50% level.

The market remains below Weekly resistance levels @ 4125....

and tomorrow's monthly 50% level will be the trend guide.



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